finma orders ubS to revise emergency plans after credit suisse takeover

UBS has been instructed by Finma to update its emergency plans after acquiring Credit Suisse.

Currently, UBS's plans only address reorganization or restructuring scenarios. However, the recent crisis at Credit Suisse has highlighted the need for provisions that also cover emergency sales of individual business units or the entire bank.

As a globally systemically important financial institution, UBS is subject to strict crisis prevention requirements, which Finma evaluates annually. The authority emphasizes the importance of preserving the stability of the financial system and ensuring that taxpayer funds are not at risk in the event of a crisis.

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